ATLANTA – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the Delta by Marriott in Grand Rapids, Michigan.

As part of the deal, Access Point Financial secured $8.85 million for the Delta by Marriott Grand Rapids Airport property. Lodging Opportunity Fund REIT approached Access Point Financial to provide the financing due to its skill when working with a limited time budget, offering flexible terms, and a degree of certainty that the transaction would be completed on time.

APF also previously financed the Delta by Marriott in Green Bay for Lodging Opportunity Fund and had earned their trust by successfully fulfilling the requirements of the refinancing, despite being given 15 days to underwrite, approve and fund a loan for the property prior to its maturation in late March. The process took place at the beginning of COVID-19 pandemic in the U.S., prompting Access Point Financial to act quickly and purposefully.

The 188-room Delta Hotels Grand Rapids Airport in Grand Rapids, Michigan., is located four miles from the Gerald R. Ford International Airport, and eight miles from Downtown Grand Rapids. The property’s positioning at East Beltline and 28th Street provides access to one of the busiest intersections in the area. Additionally, the Delta Hotels Grand Rapids Airport is one of just two full-service Marriott hotels in the Grand Rapids metropolitan area, and it is the only full-service Marriott hotel in the Airport submarket. The hotel is operated by National Hospitality Services, an affiliate of Lodging Opportunity Fund.

“The Delta Hotels Grand Rapids Airport is one of the most strategically-positioned hotels in the Grand Rapids metropolitan area, and we are excited to continue our partnership with Lodging Opportunity Fund to provide the needed financial resources for it,” said Lori Tirado, Managing Director, Business Development at Access Point Financial. “This is a difficult time for hoteliers, but we are confident in the value of this property and the skill of its leadership team.”

For more information about Access Point Financial , please visit www.accesspointfinancial.com.

ATLANTA – April 22, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the debut of a new online resource entitled, “Navigating Hospitality Finance 2020,” which will appear within the Access ViewPoint blog beginning today. The informative four-part series is intended to help hotel owners and investors with an interest in hospitality to plan their best financial strategies during changing market conditions brought on by the Coronavirus (COVID-19) global pandemic and its direct impacts on the hotel industry.

“Hoteliers and investors have a lot to consider in developing effective short- and long-term financial strategies during these unprecedented economic conditions, and navigating the constant deluge of sometimes conflicting information can be a daily challenge,” said Dilip Petigara, CEO of Access Point Financial. “To help our clients better assess their respective situations and navigate the recovery, our goal is to be a responsible partner and provide impactful resources and tools to ensure their ongoing success.”

The first edition of the four-part “Navigating Hospitality Finance 2020” series explores the changes to terms and conditions that lenders have implemented during the crisis.  Entitled “How the hotel lending landscape has changed in the advent of COVID-19,” the blog can be accessed here. Subsequent editions will follow on a weekly basis and will include “5 strategies for working with your lender during the crisis;” “The silver lining: How to turn financial chaos into opportunity;” and “Why working with a specialty lender is now more important than ever before.”

For more information on Access Point Financial’s comprehensive portfolio of hospitality-focused financial services, Please visit www.accesspointfinancial.com.

About Access Point Financial | Founded in 2011 and headquartered in Atlanta, Access Point Financial, LLC. (APF) is a direct, full-service specialty lender focused on the hospitality industry. APF offers a full-service lending and advisory platform that provides financing to qualified hotel franchisees of all major brands and boutique hotels throughout the United States and Canada. To learn more about APF’s available loan programs, please visit www.accesspointfinancial.com or follow APF on Facebook, LinkedIn and Twitter.

GREEN  BAY, WIS. – April 3, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT (LOF REIT) to refinance the Delta by Marriott in Green Bay, WI.

LOF REIT worked with Access Point Financial to secure a $9.2 million loan on the property. The REIT chose APF as its lending partner due to the company’s ability to be nimble when working with a limited time budget, its flexible terms, and the degree of certainty that the transaction would close within the required timeframe. APF had 15 days to underwrite, approve and fund the loan with an impending loan maturity of late March. The loan was being underwritten and approved simultaneously as the COVID-19 pandemic continued to evolve in the United States, with subsequent travel restrictions and social distancing policies put in place across the country, directly impacting the hotel industry.

The hotel was acquired by Lodging Opportunity Fund REIT in 2017 as a Ramada. The property underwent an extensive renovation to reposition as a Marriott-branded hotel, opening its doors as the Delta by Marriott Green Bay on February 14, 2019. The hotel is managed by an affiliate, National Hospitality Services. National Hospitality Services has an extraordinary team of hospitality professionals who are able to put the necessary plans in place to see near and long-term benefits, despite the economic challenges our country is currently facing.

“The Delta by Marriott in Green Bay has been a staple within its market since it rebranded in early 2019, and we are honored to work with Lodging Opportunity Fund in financing this outstanding property,” said Lori Tirado, Managing Director, Business Development at Access Point Financial. “We were able to deliver on this project during the most tumultuous and unprecedented period this country has faced in nearly 100 years, specifically because we have the utmost confidence in Lodging Opportunity Fund and their experience in the industry.

Norman Leslie, President & CIO of LOF REIT, commented, “While our organization was certainly aware of the work of Access Point Financial, this was our first direct experience with the organization. We were extremely impressed with their evaluation process and their key interest in meeting our timeline. The team was professional, constructive and, most importantly, performed as a true financial partner. We truly appreciate Access Point and their team and look forward to a long and successful relationship.”

For more information on Access Point Financial’s comprehensive portfolio of hospitality-focused financial services, Please visit www.accesspointfinancial.com.

About Access Point Financial | Founded in 2011 and headquartered in Atlanta, Access Point Financial, LLC. (APF) is a direct, full-service specialty lender focused on the hospitality industry. APF offers a full-service lending and advisory platform that provides financing to qualified hotel franchisees of all major brands and boutique hotels throughout the United States and Canada. To learn more about APF’s available loan programs, please visit www.accesspointfinancial.com or follow APF on Facebook, LinkedIn and Twitter.

CHICAGO – March 12, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with a Chicago-based ownership group to provide $11 million in financing for the renovation of the Sheraton Chicago Northbrook Hotel.

The Sheraton Chicago Northbrook Hotel opened in 2008, and is located in Northbrook, Illinois, a suburb of Chicago. The 161-room hotel selected Access Point Financial for financing in order to fund a recapitalization and renovation of the entire property as part of Marriott’s ongoing improvement of the entire Sheraton brand. The update is expected to commence over the next several months.

The borrower acquired the property in late 2019. Access Point Financial was able to fund the hotel’s renovation due to the organization’s accommodating and flexible loan structure, as well as its extensive knowledge and understanding of the hotel industry. Aimbridge Hospitality will continue to manage the property following the renovation.

“The Sheraton Chicago Northbrook is well-positioned in the market and is located five miles from Chicago Botanical Gardens and nine miles from Northwestern University. This is an ideal property for the area, and we are excited to be included in its reimaging. The Sheraton brand is making great strides as it modernizes itself, and we think this property will benefit greatly from an infusion of capital and creativity,” said Matthew Hick, Director of Business Development at Access Point Financial.

For more information on Access Point Financial and its comprehensive portfolio of hospitality focused financial services, please visit www.accesspointfinancial.com.

About Access Point Financial

Founded in 2011, and headquartered in Atlanta, Access Point Financial, LLC. is a direct, full-service specialty lender focused on the hospitality industry. APF offers a full-service lending & advisory platform that provides financing to qualified hotel franchisees of all major brands and boutique hotels throughout the United States & Canada.

ATLANTA – March 5, 2020 – Access Point Financial, LLC ((APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, has signed an agreement with Hitalk Hotels to provide financing for the company’s acquisition of the Hyatt Place Mohegan Sun in Uncasville, Connecticut. Access Point Financial provided $10.1 million in financing for the acquisition of the property, which will be managed by Aimbridge Hospitality. The hotel is expected to now undergo a renovation to update its furniture, fixtures, and equipment in accordance with brand standards. The transaction closed on November 14, 2019.

Hitalk Hotels cited the reasons for selecting Access Point Financial as its financial partner in this transaction, as the firm’s committed reputation in the industry, as well as the flexible terms offered and the ability to close quickly in order to meet a tight deadline window. These attributes gave Hitalk Hotels added certainty that the del would be executed according to its requirements.

“Access Point Financial was our preferred partner in this transaction due to the firm’s hospitality industry experience and reputation for reliability, which was particularly important during this difficult financing window,” said Hitesh Patel, owner of Hitalk Hotels. “The Hyatt Place Mohegan Sun is an important property in our portfolio, due to its convenient location adjacent to the popular Mohegan Sun Casino.”

“The Hyatt Place Mohegan Sun’s wide range of offerings, such as free parking and pet-friendly rooms, position it well in a competitive market,” said Lori Tirado, Managing Director, Business Development at Access Point Financial. “We look forward to working with Hitalk Hotels as they continue to make improvements in this already standout property.”

For more information on Access Point Financial’s comprehensive portfolio of hospitality-focused financial services, Please visit www.accesspointfinancial.com.

About Access Point Financial | Founded in 2011, Atlanta-based Access Point Financial, LLC (APF) is a direct, full-service specialty lender focused on the hospitality industry, offering a full-service lending & advisory platform that provides financing to qualified hotel franchisees of all major brands and independent boutique hotels throughout the United States & Canada. For additional information, please visit www.accesspointfinancial.com.